Dimensional Fund Advisors LP Acquires 4,742 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Dimensional Fund Advisors LP raised its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,059 shares of the company’s stock after purchasing an additional 4,742 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Coca-Cola FEMSA were worth $12,447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KOF. Goldman Sachs Group Inc. increased its stake in shares of Coca-Cola FEMSA by 7.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after buying an additional 97,238 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Coca-Cola FEMSA by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock worth $19,030,000 after acquiring an additional 5,166 shares during the last quarter. Sei Investments Co. lifted its position in shares of Coca-Cola FEMSA by 8.3% during the first quarter. Sei Investments Co. now owns 155,356 shares of the company’s stock worth $15,101,000 after purchasing an additional 11,949 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Coca-Cola FEMSA by 2.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 110,410 shares of the company’s stock valued at $10,732,000 after purchasing an additional 2,233 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Coca-Cola FEMSA by 12.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 65,233 shares of the company’s stock valued at $5,600,000 after buying an additional 7,363 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KOF shares. UBS Group cut their price objective on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Barclays lifted their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola FEMSA has a consensus rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $89.09 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $69.33 and a 1-year high of $104.38. The business’s 50-day moving average price is $88.04 and its two-hundred day moving average price is $90.75. The firm has a market cap of $149.73 billion, a PE ratio of 15.68, a P/E/G ratio of 0.74 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the business posted $1.32 EPS. As a group, research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, October 14th will be given a dividend of $0.7811 per share. This represents a dividend yield of 2.6%. The ex-dividend date is Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is 13.20%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.